NOTICE PURSUANT TO LOCAL FINANCE LAW SECTION 81.00
The bond resolution, a summary of which is published herewith was adopted on February 28, 2018, and the validity of the obligations authorized by such bond resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Village of Albion is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the Constitution.
Linda K. Babcock, Village Clerk
Village of Albion, New York
BOND RESOLUTION DATED FEBRUARY 28, 2018 OF THE VILLAGE BOARD OF TRUSTEES OF THE VILLAGE OF ALBION, NEW YORK, AUTHORIZING GENERAL OBLIGATION SERIAL BONDS TO FINANCE THE ACQUISITION OF WATER METERS, AUTHORIZING THE ISSUANCE OF BOND ANTICIPATION NOTES IN CONTEMPLATION THEREOF, THE EXPENDITURE OF SUMS FOR SUCH PURPOSE, AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH.
Object or Purpose: the acquisition of water meters, which may include original equipment or furnishings required in connection therewith for such Village use
Period of Probable Usefulness
and Maximum Permissible
Term of Any Borrowing: restricted to five (5) years.
Amount of Debt Obligations Authorized: up to $310,000
A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Village Clerk of the Village of Albion, New York.
Dated: February 28, 2018
Albion, New York